Irina Peltegova

After a bullish 2022, the European guarantees of origin (GO) market experienced high volatility in 2023 and falling prices from early summer and into the start of 2024. An oversupply seems to be the main price driver due to growing renewable capacity build-out, good weather conditions and reduced electricity demand. However, there is room for demand recovery amid a positive economic outlook, as well as supportive legislative and regulatory changes.

LONDON (ICIS)--Plans to introduce a carbon tax on thermal generators based in the western Balkans could prove bullish for Hungarian power prices in future as it imports from the region. However, the extent of the bullishness will depend on the speed and severity of the tax reinforcement. The Energy Community is currently researching the possibility of proposing a carbon tax on thermal generators based within its contracting parties in a bid to avoid market distortion.

LONDON (ICIS)--Romania is on track to launch a trading platform for long term power purchase agreements (PPA) in autumn, energy regulator ANRE told ICIS. This is likely to boost investment interest in the country’s stagnant renewable sector.